Browsing: Business

Dow, S&P 500, and Nasdaq fell Tuesday, with semiconductor stocks leading the market lower as September trading kicked off with volatility.

The UK government’s latest renewables auction secured funding for a record 131 clean energy projects, powering 11 million homes, marking a major step towards energy independence.

British pound is forecasted to rise further against the US dollar, with Bank of America predicting a peak of $1.41 by 2025 amid slower UK rate cuts.

China threatens Japan with severe economic consequences if Tokyo imposes new restrictions on chipmaking equipment, escalating tensions amid US-led efforts to curb China’s tech advancements.

The S&P 500 posted a 2.3% gain in August, reversing early losses, driven by strong performances in sectors like consumer staples, real estate, and healthcare.

China’s economy is under severe strain as manufacturing and property sectors struggle, raising doubts about the government’s growth target for 2024.

Oil prices dropped as insider reports revealed OPEC+ might increase production in October, countering Libya’s significant output losses.

Inflation in the euro zone dropped to 2.2% in August, heightening the likelihood of a September ECB rate cut as economic pressures ease.

Dutch inflation eased slightly to 3.6% in August, marking the first decline in four months, driven by a fall in energy costs, while food prices saw a slight increase.

Global air cargo demand rose 13.6% in July 2024, marking the eighth consecutive month of double-digit growth, according to IATA. Capacity also increased by 8.3%.